LIV Golf 2.0 to secure $300m deal as players given more time to sign up
LIV Golf 2.0 to secure $300m deal as players given more time to sign up
James CorriganTue, October 6, 2026 at 11:01 AM UTC
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LIV Golf 2.0 is currently in the works with players given 12 days to consider their futures - Getty Images/Jordan Bank
LIV Golf has been granted an extension to convince players to commit for the 2027 season after a London-based credit agency declared it would provide investment of potentially $300m (£225m).
Initially, an October 13 deadline was set for “a requisite number” of golfers to sign up for LIV 2.0, or BC Partners could walk away from the negotiating table.
Yet with so much uncertainty during the LIV bankruptcy going through the courts and with the Saudi Public Investment Fund – which pulled its funding earlier this year – raising questions as to the intentions of the would-be saviours, so many players remain undecided.
They now have another 12 days to consider their futures but there will inevitably be doubts that in a Catch 22 situation this will not be long enough. The investors want to see who commits before confirming plans, but players want to know what is going on and who else has signed up before committing.
It is understood that big names such as Jon Rahm and Tyrrell Hatton are ready to leave once it is clear they are no longer under the terms of their original commitment. Both are owed tens of millions, with Rahm still to receive a nine-figure sum from his $300m deal.
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Jon Rahm, who is still owed a nine-figure sum from his $300m deal, is all but certain to leave LIV - Getty Images/Jason Butler
The Chapter 11 bankruptcy protection filing, which came less than five years after LIV held its first event and created a schism in professional golf, revealed estimated assets of between $100m and $500m, with liabilities of between $500m and $1bn.
Telegraph Sport reported in August that the LIV executive was “almost resigned” to losing Rahm, but Scott O’Neil, the chief executive, will be hoping that Tuesday’s announcement that BC Partners has officially entered a Restructuring Support Agreement will deliver assurances to the rank and file, despite court documents showing that BC Partners’ initial outlay is just $4m.
Scott O’Neil, LIV Golf chief executive, says investment is an ‘important step forward’ - Getty Images/Hector Vivas
“Our goal is to facilitate LIV Golf’s emergence from the restructuring process on sound financial footing and with renewed momentum heading into the 2027 season,” Ted Goldthorpe, partner and head of BC Partners Credit, said in a statement.
BC Partners, which provides financing to middle-market companies, said the funding would support what it described as the next phase of LIV Golf, under which players would become equity owners of both the league and its teams.
The financing remains subject to bankruptcy court approval, which the parties believe will be given the nod at the next hearing.
“This investment is an important step forward for LIV Golf, and I want to thank Ted Goldthorpe and the entire BC Partners team for their conviction in what we’re building,” O’Neil said in a statement.
Source: “AOL Money”
